Is Life Insurance Possible For People With Diabetes?

Back in the day, it was much more difficult for people to get the life insurance coverage they needed when they had certain preexisting conditions. However, times have changed, and companies are working hard to provide solutions for people that wish to obtain a life insurance policy when they have been diagnosed with an illness.

When you are diagnosed with diabetes, you either have type 1 or type 2. No matter which type you have, there are now numerous companies who are willing to provide you with life insurance coverage to meet your needs. So if you’ve had the door closed in your face previously, understand that with just a little searching, you can find the right policy.

You might be thinking that life insurance for different types of diabetes is going to be exclusive to a certain type of policy, such as term life insurance. However, you can get term life, whole life, or universal life, whatever you need. And, you’re not going to be limited to certain amounts. With a preexisting condition, you might be paying a little more for the policy you want, but the great thing about that is that insurance providers always strive to keep the cost down for you. They want your business, and they realize that no matter who the person is or the condition that the person has, everyone needs to be insured!

There are in between situations regarding diabetes, such as gestational diabetes and metabolic syndrome. With metabolic syndrome, you’re at risk of developing diabetes because you have a few of the risk factors, but you do not have type 1 or type 2 diabetes. And, gestational diabetes is something that happens occasionally when a woman is pregnant. However, the symptoms usually subside and your health returns back to normal. Overall, what you want is a company that understands human conditions and can translate that into a seamless underwriting process for the life insurance policy that you desire.

Michele Andrea Bowen has been a financial consultant for just shy of 22 years. Her client base ranges from individuals, to families, to small and medium sized businesses. Her expertise extends from daily money management, to insurance, to planning for retirement, as well as managing finances in retirement.